Nikhil Kamath, co-founder of Zerodha, has invested Rs 137.5 crore in Goldi Solar, one of India’s leading solar photovoltaic (PV) module manufacturers. The funding aims to expand Goldi Solar’s production capacity and bolster its position as a global renewable energy player.

Highlighting the sector’s potential, Kamath stated, “Renewable energy in India is a massive sector, and there is an equally massive opportunity to build globalscale companies right here on our home ground. It is imperative that we back these companies to accelerate the country’s clean energy transition.”

Goldi Solar, headquartered in Surat and founded in 2011 by Ishverbhai Dholakia, has rapidly expanded over the past year, scaling its PV module capacity from three GW to 14.7 GW. The company is also setting up solar cell manufacturing units in Surat while focusing on high-efficiency modules using new technologies. This investment aligns with India’s renewable push, as the government targets 280 GW of solar capacity by 2030, supported by import duties and incentives under the production linked incentive (PLI) scheme.